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Tuesday, 08 August 2006 |
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Page 1 of 5 You may have several resources you count on for financial security: savings, investments, Social Security, etc. But for most families, life insurance provides a reliable resource for financial security in the event of death of either partner. Yet, according to the American Council of Life Insurance, nearly half of American families don't own a life insurance policy. And many families don't have enough alternative monetary resources to keep their financial security.
Consider the ways you can use life insurance to meet your financial obligations: Cash for immediate needs, such as to pay medical bills, funeral costs, taxes and debt. Readjustment money, such as relocation and employment funds your family may need when other assets are tied up in legal formalities (life insurance benefit is paid immediately after death). Replacement income to help replace a paycheck or services, such as child care or household help. - What Type of Life Insurance is Best?
- How Much Do You Need?
- What Features Do You Need?
- Life Insurance Calculator
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Last Updated ( Thursday, 10 August 2006 )
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